All holdings
Principal investingSince 2018
DMJ Capital
The house’s own book — operating companies, California real property, and special situations that do not belong on an exchange.
Thesis
If it marks every afternoon, it lives on the securities desk. Capital writes checks, takes title, and sits still. Hold periods are measured in years.
Visit dmjcapital.comHow we operate it
- Control or significant minority stakes in private businesses with cash flow we can underwrite.
- Coastal and inland California property we intend to keep.
- Recapitalizations, co-investments, and off-market paper. Illiquidity is priced, not apologized for.